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BRIEF-South32 says acquisition of Metropolitan Colliery will not proceed

April 18 South32 Ltd

* acquisition of the Metropolitan Colliery will not proceed-

* Proposed buy of Metropolitan Colliery, associated 16.67% interest in Port Kembla coal terminal from Australian unit of Peabody to not proceed

* Not prepared to make significant concessions in favour of Australian steelmakers that would likely be required to mitigate competition concerns Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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